NEXT (LON:NXT) Announces Quarterly Earnings Results

NEXT (LON:NXT - Get Free Report) issued its quarterly earnings results on Thursday. The company reported GBX 615.10 ($7.95) earnings per share (EPS) for the quarter, Digital Look Earnings reports. NEXT had a net margin of 13.77% and a return on equity of 55.99%.

NEXT Stock Performance

NEXT stock traded down GBX 35 ($0.45) during mid-day trading on Friday, reaching £110 ($142.23). 7,386,125 shares of the stock traded hands, compared to its average volume of 1,046,501. NEXT has a 12-month low of GBX 8,598 ($111.17) and a 12-month high of £111.04 ($143.57). The stock has a market capitalization of £12.95 billion, a PE ratio of 16.55, a price-to-earnings-growth ratio of 5.66 and a beta of 1.37. The company has a debt-to-equity ratio of 76.08, a current ratio of 1.68 and a quick ratio of 1.07. The business's 50-day moving average is GBX 9,859.02 and its 200-day moving average is GBX 9,874.30.

NEXT Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, August 25th. Stockholders of record on Thursday, July 17th will be issued a dividend of GBX 208 ($2.69) per share. This represents a dividend yield of 1.08%. This is a boost from NEXT's previous dividend of $75.00. The ex-dividend date is Thursday, July 17th. NEXT's payout ratio is presently 32.49%.

Wall Street Analyst Weigh In

Separately, Shore Capital reissued a "buy" rating on shares of NEXT in a report on Thursday.

About NEXT

Founded as a tailoring business in Leeds in 1864 by Joseph Hepworth and Son, today, the company offers clothing, footwear, accessories, beauty and home products to our UK and International customers. NEXT has over 500 stores in the United Kingdom and Eire, and over 180 franchise branches across Europe, Asia and the Middle East.